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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Lake Zurich. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 847-525-7487 or 847-894-0891.
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| Average Home Price | $475,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 15-20% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $350,000 - $399,000 |
| Worst Selling Price Range | $650,000 - $699,000 |
| Prices As % of Asking Price | 80-85% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Lake Zurich is | Increasing |
| Seller Activity for the past 90 days in Lake Zurich is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Homes that are nicely updated with good locations and are priced very well to sell, will get multiple offers. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Dana and Sadie work with many experienced lenders that can secure loans for their clients. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | There are so many wonderful homes on the market in many different price ranges. Sellers are eager to sell and work with buyers. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Lake Zurich! |
| Nearest Metro Area | Chicago |
| Housing Hot Spots | Most cities within the Lake County area are considered ’Housing Hotspots’ |
| Average Sold Price | $475,000 - View Graph Trend |
Lake Zurich Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Dana Cohen and Sadie Winter
847-525-7487
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 23rd, 2012 –
---------------------------------
30 yr. fixed rate: 3.90%---------------------------------
15 yr. fixed rate: 3.17%
30 yr. jumbo rate: 4.68%
15 yr. jumbo rate: 3.96%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Dana Cohen and Sadie Winter
RE/MAX Experts
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 847-525-7487
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